SMARTSTREAM-TECHNOLOGIES

SmartStream Technologies, the financial Transaction Lifecycle Management
(TLM®
) solutions provider, today announced the launch of TLM
Aurora, the next generation of Corona, the industry’s leading
reconciliation platform – the first new module is designed to support
the new industry standards in the digital payments world, by providing
connectors to SWIFT GPI, RTGS, as well as Blockchain based networks,
allowing for real-time operational control, proactive exception
management and low TCO.

TLM Aurora provides the new generation of integrated operational control
for the digital marketplace. As transactions increase in variability,
velocity and volume, the need for scalable, real-time, integrated
reconciliations is greater than ever. TLM Aurora supports organisations
in performing operations such as SWIFT and SEPA transfers, mobile, cash
and card payments, digital currencies, settlements and reconciliations.
The solution is agile enough to support the smallest of organisations
and can be scaled with the growth of the business.

Open Banking and Instant Payments are game changers in the industry with
increasingly complex transactions with a variety of unprecedented
requirements for reconciliations, exception handling, and cash and
liquidity management reporting. Regulators and central banks will
mandate banks and new non-bank players (e.g. as licensed under PSD2) to
comply with international and domestic regulations.

Haytham Kaddoura, CEO, states: “TLM Aurora is far more than just an
upgrade. It is the result of years of R&D at SmartStream with valuable
insight and intelligence from our clients and partners. As digital
transformation accelerates, it will become even more important that
banks have control processes in place that link to existing
infrastructures via a single solution. TLM Aurora has been discussed
with several banks and the need to focus on data is key to intuitively
leverage data discovery, data modelling and data simulation.
Additionally, the importance of liquidity management, reporting to the
regulators and future cash flows are critical to any bank on a daily
basis”.

As a result, more than 1,500 clients, including 75 of the world’s top
100 banks, 8 of the top 10 asset managers, and 8 of the top 10
custodians rely on SmartStream Transaction Lifecycle Management (TLM®
)
solutions to deliver greater efficiency to their trading operations.